Paraguay - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Paraguay was 33.70 as of 2020. Its highest value over the past 58 years was 42.17 in 2002, while its lowest value was 18.00 in 1963.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1962 18.06
1963 18.00
1964 18.41
1965 18.13
1966 18.71
1967 19.45
1968 18.78
1969 19.12
1970 19.87
1971 19.98
1972 19.68
1973 19.82
1974 22.18
1975 20.55
1976 21.73
1977 22.91
1978 23.57
1979 22.86
1980 24.48
1981 25.20
1982 25.54
1983 26.36
1984 25.94
1985 26.16
1986 27.39
1987 27.80
1988 29.54
1989 30.29
1990 32.84
1991 36.70
1992 35.51
1993 33.20
1994 32.23
1995 31.73
1996 31.45
1997 31.18
1998 32.99
1999 35.13
2000 35.56
2001 38.56
2002 42.17
2003 40.27
2004 38.41
2005 39.29
2006 38.31
2007 37.10
2008 36.48
2009 37.08
2010 34.30
2011 33.71
2012 34.19
2013 32.91
2014 33.28
2015 34.25
2016 34.15
2017 34.05
2018 33.25
2019 33.16
2020 33.70

Limitations and Exceptions: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector. Even in large industries, where regular surveys are more likely, evasion of excise and other taxes and nondisclosure of income lower the estimates of value added. Such problems become more acute as countries move from state control of industry to private enterprise, because new firms and growing numbers of established firms fail to report. In accordance with the System of National Accounts, output should include all such unreported activity as well as the value of illegal activities and other unrecorded, informal, or small-scale operations. Data on these activities need to be collected using techniques other than conventional surveys of firms.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts